Legalized sports betting is growing in popularity in the United States. However, there are many legal and ethical issues surrounding the industry. First of all, it’s important to know what is legal and not illegal. The most popular sport is basketball, but the NBA is the second most popular. Both the playoffs and Finals draw the most bets. MLB isn’t as popular as it once was, but it still enjoys a massive following. Hockey is another popular sport, and its Stanley Cup playoffs attract more bets than any other event.
In the United States, sports betting is legal in some states, but it is illegal in many others. The Professional and Amateur Sports Protection Act (PASPA) of 1992 prohibits sports wagering. This act exempts pre-existing frameworks in states with legalized sports betting, including New Jersey. This law was repealed in Murphy v. National Collegiate Athletic Association, and some other recent cases have made sports wagering more legal across the country.
The main difference between legal and illegal sports betting is that legal sports betting has a learning curve. There are dedicated resource pages that explain the ins and outs of sports betting. The most important area for newcomers is sports betting odds. Understanding the odds can help you identify the most likely outcome, the expected return, and which side the public is backing. Once you have mastered these three basics, you can bet more confidently and make money.